Afshar was promoted last year to oversee sales and manufacturing operations in North America and Europe. He previously worked in the office of the CEO.
Under the terms of the agreement, Kymera is eligible to receive up to $750 million in total payments, including up to $85 million in upfront and potential option exercise payments.
Broader markets outperformed, led by gains in IT, media, consumer durables, and auto stocks, while select stocks like MCX and IndiaMART rallied on positive brokerage commentary.
The research firm flagged technical and regulatory hurdles that could slow Tesla’s robotaxi rollout, warning the autonomy opportunity is already priced in.
While Tesla appears to be well-positioned, the autonomous ride-hailing opportunity is already priced into the stock, UBS analyst Joseph Spak told investors in a research note.
The company reaffirmed its full-year adjusted core profit guidance and noted that oncology cost trends remained below forecast through the first two-thirds of the quarter.
The global market for humanoid robots is set to soar, with a UBS report predicting a significant increase in their numbers by 2050. This forecast is expected to have a substantial impact on various industries.
Jonah Cheng’s liquidation followed fears about delays in GB200 racks, inventory risks, a lack of upward revisions to earnings forecasts, competition from custom-designed chips, and uncertainty around spending by cloud computing companies.
